Second fiscal quarter revenues increased approximately 36 percent to $109.7 million from $80.8 million in the first quarter of fiscal 2001, and 278 percent from $29.1 million in the same period a year earlier. Revenues for the six months ended December 31, 2000 increased 279 percent to $190.6 million from $50.3 million for the same period ending December 31, 1999.
As of December 31, 2000, the company had cash, cash equivalents and short-term investments of $435.2 million, excluding $20.7 million set aside as restricted cash, total assets of $2.0 billion and stockholders’ equity of $1.8 billion.
We are very pleased to have achieved strong pro forma operating profitability ahead of schedule and to have reported solid sequential revenue growth in Openwave’s first quarter as a merged entity, said Don Listwin, President and Chief Executive Officer. The wireless Internet continues to come of age and its worldwide adoption is fueling Openwave’s growth.
Net loss for the second fiscal quarter including merger and acquisition costs and stock-based compensation was $228.6 million, or $1.38 loss per basic and diluted share, compared to a net loss of $168.0 million, or $1.04 loss per basic and diluted share, for the first quarter of fiscal 2001, and a net loss of $25.4 million, or $0.19 loss per basic and diluted share, for the second quarter in the prior fiscal year.
The Company benefited from strong wireless subscriber additions throughout the second quarter, as consumers around the world signed up for mobile Internet services. Total active mobile subscribers using Openwave products grew by 5.2 million to over 12.1 million at the end of December 2000 from 6.9 million at the end of September 2000. This growth was evident in Japan as well as in the U.S., Korean and European markets.
In the messaging business, licensed subscribers reached an industry leading 145.6 million seats, at the end of December, with activated seats at 95.9 million. Of significance, with its high availability and scalability, the Openwave messaging platform has been recognized as a critical technology for next generation carrier services. Of Openwave’s communication service provider customers, 31 have each licensed over 1 million seats.
